1022 Pacific Street, Santa Monica, CA 90405

$1,875,000

Property Type: Residential Income Bedrooms: 9 Baths: 7 Square Footage: 4,427 Lot Size (sq. ft.): 6,481 Status: Closed

Current Price: $1,875,000 List Date: 3/02/2020 Last Modified: 4/03/2023

Overview

Description

Own a little piece of early Santa Monica history. Located in Sunset Park, this charming apartment building and the original house on the lot have never been on the market before. Less than a mile to the beach, and located near great schools, public transportation, shopping, and Santa Monica entertainment, The complex offers a unique ownership opportunity. For the owner investor...the back house will be delivered vacant at the close of escrow. For the developer, the property is located in an area with many newer condominium complexes. Either way, this would make a wonderful addition to any investors portfolio. Interested buyers should familiarize themselves with Santa Monica Rent Control regulations. With the burgeoning Silicon Beach, Venice, and hot surrounding areas...this Sunset Park property makes a great long-term investment!!!

Listing Details MLS# 220002320

General Property Information

# Bedrooms: 9
Baths - Full: 6
Baths - 1/2: Yes
Baths - Total: 7
Approx SqFt: 4427
Lot Acres: 0.15
Lot SqFt: 6481
Year Built: 1948
Common Walls: Yes

Property Features

Land Lease Type: Fee Simple Special Conditions: Standard Terms: Cash; Conventional; Owner May Carry; Take Property As Is Possession: Close of Escrow Property Condition: Repair Cosmetic Disclosures: Rent Control Levels: Two Flooring: Carpet; Laminated Water Heater Feature: None Tenant Pays: Cable TV; Electricity; Gas; Water Unit 1 Furnished: Unfurnished Unit 2 Furnished: Unfurnished Unit 3 Furnished: Unfinished Unit 4 Furnished: Unfurnished Unit 5 Furnished: Unfinished Financing: Private Sold Terms: Standard Sale

Listing Location and Property Info

Entry Date: 2019-12-16
Listing Price: 1999900
Street #: 1022
Street Name: Pacific
Suffix: Street
County: Los Angeles
State/Province: CA
Zip Code: 90405
APN/Tax ID: 4284013005
Area: C14 - Santa Monica
Subdivision/Tract Code: Not Applicable
Country: US

Listing Info

Total # of Units in Complex: 5

Property Info

Miles to Beach: Yes
View: No
Alley: Yes
Paved: Yes
Dwelling Total Floors: 2
Pool: No
Spa: No
Fireplace: No

Status Change Info

Pending Date: 2020-03-02
Closed Date: 2020-03-02
Closed Price: 1875000
Sold Price/SqFt: 423.54

More Information

Units Information

# Separate Electric Meters: 5
# Separate Gas Meters: 5
# Separate Water Meters: 5

HOA 1 Information

HOA: No

Unit 1 Information

Unit-1 # of Beds: Yes
Unit-1 # of Baths: Yes
Unit-1 Monthly Rent: 1895

Unit 2 Information

Unit-2 # of Beds: 2
Unit-2 # of Baths: Yes
Unit-2 Monthly Rent: 671

Unit 3 Information

Unit-3 # of Beds: 2
Unit-3 # of Baths: Yes
Unit-3 Monthly Rent: 4000

Unit 4 Information

Unit-4 # of Beds: 3
Unit-4 # of Baths: 1.5
Unit-4 Monthly Rent: 634

Unit 5 Information

Unit-5 # of Beds: Yes
Unit-5 # of Baths: Yes
Unit-5 Monthly Rent: 616

Listing, Location and Property Info

Entry Date: 2020-03-02
List Price/SqFt: 451.75
Zip + 4: 1447

Land Lease Type

Fee Simple: Yes

Special Conditions

Standard: Yes

Terms

Cash: Yes
Conventional: Yes
Owner May Carry: Yes
Take Property As Is: Yes

Possession

Close of Escrow: Yes

Financing

Private: Yes

Property Condition

Repair Cosmetic: Yes

Disclosures

Rent Control: Yes

Levels

Two: Yes

Sold Terms

Standard Sale: Yes

Flooring

Carpet: Yes
Laminated: Yes

Water Heater Feature

None: Yes

Parking Spaces/Information

Total Garage Spaces: 4

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes
Water: Yes

Unit 1 Furnished

Unfurnished: Yes

Unit 2 Furnished

Unfurnished: Yes

Unit 3 Furnished

Unfinished: Yes

Unit 4 Furnished

Unfurnished: Yes

Unit 5 Furnished

Unfinished: Yes

Listing Office: Keller Williams Westlake Village

Listing Agent: Gregg Bruno | greggbruno@hotmail.com

Agent Email: greggbruno@hotmail.com

Last Updated: April - 03 - 2023

Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.